Valaris Limited saw some selling pressure today and moved down -4.65% It looks like VAL may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line VAL is near a weak support line. We'll see if it bounces off or heads lower. Momentum wise Valaris Limited, hasn't been very high in either direction over the last 3 month. So hard to say what it will do here.
If we get a reversal off of support and Valaris Limited starts moving up, it can probably get to $113.42 at which point it'll need to break through that resistance level in order to keep moving higher. If it fails to bounce off this level and breaks down lower, it will most likely find the nearest support a the $49.03
at which point, it may have a chance of recovering from there.
| Segment | Count | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest | Analysts Ratings ? |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Chemicals | 44 | -1.47682 | 2.53591 | 2.98341 | 8.49318 | 26.1414 | 38.8011 | 60.7045 | 21.738 | 24.7402 | 27.9609 | -4251.69 | -12044.4 | 2.8409 | 9.6591 | 3.12253 | 0.250682 |
| Basic Materials | 121 | -0.48314 | 5.44802 | 6.58322 | 13.3161 | 19.2955 | 39.8639 | 56.5207 | 17.2817 | 19.2389 | 22.1079 | -5986.11 | -11345.6 | 2.2727 | 8.2645 | 3.52136 | 0.337438 |
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